03/11/2021
SA regulator, big banks experiment with blockchain securities
BMA’s experience in the local banking technology sector through previous blockchain-based projects with Rand Merchant Bank
Regulation,Tax & Compliance
03/10/2021
Nedbank to pay out VBS bank victims up to R100 000 per depositor
The money included investments from municipalities, government departments, stokvels and ordinary South African depositors.
03/09/2021
SEC tasks quoted companies on regulatory compliance, lists benefits
While these regulatory requirements may appear burdensome to companies, they exist for the protection of investors who rely on accurate and timely information to make an informed judgment and for the proper governance of the companies.
03/09/2021
The Africa Digital Inclusion Facility approves grants worth $1.3 million for two research efforts to enhance women’s digital access to loans and micro-insurance
The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility
03/09/2021
Crypto havens lure firms fleeing regulator angst in SA
SA authorities “have been incredibly slow in terms of regulation in the industry and that leads to businesses looking internationally,” Revix CEO Sean Sanders said.
03/08/2021
Warning lights flickering for South Africa’s wealthy taxpayer
Tax compliance, proper professional planning and the appropriate use of annual allowances are key to navigate any aggressive changes in tax legislation that may be necessary sooner rather than later,
03/08/2021
Treasury set to float Sh75bn roads bond
The committee said the State Department for Infrastructure ha Sh75 billion in accumulated pending bills as at December 2020.
03/05/2021
Trust company fined $835,000 for opening ‘gateway to possible money laundering’ in Angola
An investment scheme involving tycoon Jean-Claude Bastos de Morais exposed in ICIJ’s Paradise Papers investigation bore “obvious” risks of possible corruption, a Jersey court finds.
03/05/2021
Equity extends pay back period for third of loans
Only 35 per cent of our customers have exercised that option,” Dr Mwangi said on Wednesday.
03/05/2021
Treasury sets guarantee terms for county external loans
The Constitution allows counties to borrow from the capital markets and foreign sources once cleared by the National Treasury.
03/05/2021
Isabel dos Santos’ Maltese consulting firm served with $230,000 tax bill
The Angolan billionaire’s company had “no intention” to carry out economic activity in Malta, the island nation’s authorities said.
03/04/2021
City Hall seeks new terms for Sh4.5 billion KCB loan
KCB Group inherited the loan from Equity Bank in September 2014 and offered City Hall a grace period of six months before it could start servicing the debt over eight years.
03/04/2021
GEPF reappoints Standard Bank to provide master custody and additional services
The renewal of the mandate cements Standard Bank’s position as Africa’s largest provider of custody and related services.
03/04/2021
Ghana’s central bank launches a regulatory sandbox prioritizing blockchain-related companies.
Ghana's central bank has launched a regulatory and innovation sandbox focusing on projects building on blockchain technology.
03/03/2021
South Africa’s biggest bank sends out earnings warning as unsecured loans bite
The bank said in November that balance sheet growth has slowed, margin pressure continues, as the impact of previous interest rate cuts filter through.
03/02/2021
How the proposed amendments to Reg 28 will affect your retirement
‘Investors and members of retirement funds need not panic that this is going to result in irresponsible investments being made’: Malusi Ndlovu – director of large enterprises, Old Mutual.
03/02/2021
Ramaphosa Halts Hunt for Reserve South African Finance Chief
Still, the finance chief has frequently expressed reluctance to remain in the post for long both publicly and privately, citing the need for younger politicians
03/02/2021
South Africa’s financial emigration system has changed – here are the new rules
Positive is that the antiquated legislation around exchange control for the process is completely falling away.
03/01/2021
CBN Calls for Greater Policy Coordination to Support Economic Recovery
In his contribution, Adamu, stated that data presented highlighted some important downside risks, which included insecurity and rising inflation, especially food.
03/01/2021
MPs approve new law to regulate mobile loan rates
Tens of unregulated microlenders have invested in Kenya’s credit market in response to the growth in demand for quick loans.